Average Sales Prices for February 2018

Monday Mar 12th, 2018

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It’s time for the Market Watch and for those who are betting on the real estate market and its ups and downs, here are your February sales prices.

The prices have not risen, the number of sales have fallen, the inventory of house is up.

What the Spring will bring us we’ll know pretty soon, so far it’s a BUYERS Market. What will the year bring us, we can predict with a slightest certainty. What will the future be for the real estate market in the GTA only charlatans know.

The economy of the GTA is pretty resilient and pretty diverse. Will the price collapse, I doubt. Will they continue their irrational escalation? No economical fundamentals behind it except for foreign buyers who despite new 15% foreign tax will still favour Canada for its relatively cheap currency. Let’s wait and see. My advice to those who need to sell-SELL. My advice to those who need to buy and can afford to buy—BUY. For others, gear your attention toward other financial needs.

 

CITY of TORONTO

Toronto-Central: Average Sales Price $892,378; Average Days on the Market 22; Number of Total Listings 1,994; Number of Sales 982

Toronto-East: Average Sales Price $742,410; Average Days on the Market 23; Number of Total Listings 831; Number of Sales 470

Toronto-West: Average Sales Price $709,850; Average Days on the Market 23; Number of Total Listings 987; Number of Sales 561

 

YORK REGION:

Markham: Average Sales Price $947,647; Average Days on the Market 28; Number of Total Listings 759; Number of Sales 184

Richmond Hill: Average Sales Price $977,885; Average Days on the Market 35; Number of Total Listings 689; Number of Sales 131

Vaughan: Average Sales Price $952,776; Average Days on the Market 25; Number of Total Listings 836, Number of Sales 223

Aurora: Average Sales Price $938,260; Average Days on the Market 28; Number of Total Listings 265; Number of Sales 57

Newmarket: Average Sales Price $744,316; Average Days on the Market 27; Number of Total Listings 343; Number of Sales 81

King City: Average Sales Price $1,100,750; Average Days on the Market 36; Number of Total Listings 151; Number of Sales 12

Stouffville: Average Sales Price $875,705; Average Days on the Market 28; Number of Total Listings 173; Number of Sales 39

East Gwillimbury: Average Sales Price $777,423; Average Days on the Market 47; Number of Total Listings 209; Number of Sales 30

Georgina: Average Sales Price $504,412; Average Days on the Market 27; Number of Total Listings 222; Number of Sales 48

 

PEEL REGION

Caledon: Average Sales Price $1,014,685; Average Days on the Market 29; Number of Total Listings 209; Number of Sales 58

Brampton: Average Sales Price $677,951; Average Days on the Market 24; Number of Total Listings 1,081; Number of Sales 485

Mississauga: Average Sales Price $655,804; Average Days on the Market 23; Number of Total Listings 1,036; Number of Sales 481

 

SIMCOE COUNTY

Innisfil: Average Sales Price $541,444; Average Days on the Market 41; Number of Total Listings 259; Number of Sales 31

Bradford: Average Sales Price $666,265; Average Days on the Market 31; Number of Total Listings 188; Number of Sales 48

Essa: Average Sales Price $564,833; Average Days on the Market 42; Number of Total Listings63; Number of Sales 15

New Tecumseth:Average Sales Price $568,147; Average Days on the Market 48; Number of Total Listings 160; Number of Sales 48

Adjala-Tosorontio: Average Sales Price $965,125; Average Days on the Market 83; Number of Total Listings 32; Number of Sales 8


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